The Cost of Services review explores the various commission structures, from 5 differnt monthly trade levels, offered to DIY investors to perform digital trades, obtain market information, and the general costs to manage a self-directed discount brokerage digital-based account.
Industry Rank | Brokerage Firm | Score | Highlights |
---|---|---|---|
1 | Desjardins Online Brokerage | 98% | $0 Stocks and ETF Commissions |
2 | National Bank Direct Brokerage | 96% | $0 Stocks and ETF Commissions |
3 | TD Direct Investing | 83% | 50 Free trades per year on base platform |
4 | Wealthsimple Trade | 76% | $0 Commissions - Limited Investments |
T-5 | HSBC InvestDirect | 54% | $4.88 Active Investor Commission |
T-5 | CIBC Investor's Edge | 54% | $4.95 Active Investor Commission |
7 | CI Direct Trading Formerly Virtual Brokers | 47% | Free ETF Buy Orders |
8 | Qtrade Direct Investing | 43% | Student receive reduced commissions |
9 | Scotia iTRADE | 39% | $4.99 Active Investor Commission |
T-10 | RBC Direct Investing | 39% | Free Streaming Quotes |
T-10 | BMO InvestorLine | 39% | High commissions for all profiles |
12 | Questrade | 37% | Competitive Foreign Exchange rates |
13 | CG Direct | 33% | Poor commission structures |
14 | Interactive Brokers Canada | 20% | Low commissions for Options investors |
15 | Laurentian Bank Discount Brokerage | 17% | No reason to use LBDB |
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